Big4 Auditor Changes week ending 04/07/13

Welcome back to the Big4 Auditor Carousel, where we track changes involving the Big4 accounting firms as reported via the SEC website. This week we have a number of comings and goings.

After declaring bankruptcy, lithium ion battery maker A123 Systems has renamed themselves B456 Systems. There’s a certain logic to it, but come on, it’s not very creative. You may recall A123 as an alternative energy darling just a few years ago. Their batteries were to power next generation electric vehicles, including the Fisker Karma. Unfortunately, A123 encountered some troubles, including a $50 million battery recall in 2012.  A123 ultimately declared bankruptcy and renamed themselves in the process.  Prediction time – we’ll see C789 Systems before all is said and done.

Energy Transfer Equity, Energy Transfer Partners, and Sunoco Logistics are all related, and recently went through some  merger activity. As Grant Thornton already audited others in the group, E&Y was let go to bring everyone under the same umbrella. No doubt the words, “audit efficiencies” were uttered, and E&Y was shown the door.

Here’s the complete list for this week:

Filing Date Company Location Old Auditor New Auditor Dismissal / Resignation
4/2/2013 Marinemax, Inc. FL Ernst & Young LLP KPMG LLP Dismissal
4/2/2013 HomeStreet, Inc. WA KPMG LLP Deloitte & Touche LLP Dismissal
4/4/2013 Energy Transfer Equity, L.P. TX Ernst & Young LLP Grant Thornton LLP Dismissal
4/4/2013 Energy Transfer Partners, L.P. TX Ernst & Young LLP Grant Thornton LLP Dismissal
4/4/2013 Sunoco Logistics Partners, L.P. TX Ernst & Young LLP Grant Thornton LLP Dismissal
4/4/2013 Diligent Board Member Services, Inc. NY Holtz Rubenstein Reminick LLP Deloitte & Touche LLP Dismissal
4/5/2013 Oppenheimer Holdings Inc. NY Pricewaterhouse Coopers LLP Deloitte & Touche LLP Dismissal
4/5/2013 Cornerstone Core Properties REIT, Inc. CA Deloitte & Touche LLP BDO USA, LLP Dismissal
4/5/2013 A123 Systems, Inc. MA Deloitte & Touche LLP Moody, Famiglietti and Andronico, LLP Dismissal

Thanks for stopping by and be sure to check back right here for regular updates on the Big4 Auditor Carousel.

Round and round and round…

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